The Caixin-Sinica Business Brief, episode 5

Kaiser KuoMay 12, 2017Comments Off on The Caixin-Sinica Business Brief, episode 5

Welcome to the fifth installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it includes a business news roundup, conversations with Caixin reporters and editors, and a selection of complete stories from the news.

This week, we look at the Belt and Road summit being held in Beijing on May 13-14, and at the new trade deal between the U.S. and China — part of the “100-day plan” proposed by Xi Jinping at the Mar-a-Lago summit last month — that will put American beef back on the menu in China. We speak with Caixin editor Doug Young about the potential downside of Chinese largesse toward Djibouti, and talk to reporter Li Rongde 李荣德 about his piece on a hack of hospital prescription data tied to Chinese pharmaceutical companies. We also bring you four complete stories:

A long-running dispute between a small grain storage company in Henan Province and a huge state-run giant, which has resulted in the tragic loss of 160,000 tons of wheat

How China’s mega payment platform Alipay has pushed into the U.S. market

The death of Chinese diplomat Qian Qichen 钱其琛, who normalized relations with Russia after the collapse of the Soviet Union, and played an important role in the return of Hong Kong and Macao to China

The massive backups plaguing Shanghai, one of the world’s busiest container ports, and an exploration of the reasons why

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Blaming China

This week on the Sinica Podcast, Jeremy and Kaiser are joined by Benjamin Shobert, who visited the Sinica South studio in Durham, North Carolina, for this episode. He is a senior manager at Healthcare NExT, a healthcare initiative of Microsoft, and leads strategy with national governments. The topic of discussion is his compelling book, Blaming China: It Might Feel Good but It Won’t Fix America’s Economy. The three discuss the taxonomy of dragon slayers and panda huggers, and some realities with which the world is now grappling: the rise of China, outcomes of globalization, the watershed moment of the 2016 U.S. presidential election, and the impact it has had — and will continue to have — on the bilateral relationship between the United States and China.

Photo of the Day

A worker waters the flowers and plants in front of the local government building in Qingdao, Shandong Province, on the October 1 National Day. In the background, the Chinese propaganda characters can be translated as “[Xi Jinping] Thought on Socialism With Chinese Characteristics for a New Era” and “Striving for the Great Rejuvenation of the Chinese Dream.”